Sunday, June 26, 2016

10 Thoughts on the #Brexit

I figured the referendum had popular support, but I thought it would be close enough so the usual powers that be could use voter fraud to make the referendum fail. This didn't happen.

It was strange to me that the EU didn't really try (at least from my limited knowledge) to keep the UK in the EU. No big pushes to try to negotiate a compromise that would keep the UK in the EU. Elites and EU backers grumbled and threatened, but not really that much. Some like George Soros even publicly denounced UK's efforts to leave while at the same time he was arranging his financial assets to make money off of a UK exit.

The Brexit bodes well for a Trump presidency. It shows the leftist globalist order weakening...everywhere. At least it appears this way, it may not be.

It will be interesting to see how this affects NATO. I'm worried it's affects will be negative, and a weaker NATO is bad for Balkan nations bordering on a resurgent Russia.

Brexit is a destabilizing event. There will be ripples. The British Pound took an immediate hit, but I don't expect that to last. Other financial and political problems will arise from this globally. As to how big those ripples will be I'm not sure.

More EU states will seek to withdraw. Not sure 3 years from now what left in the EU other than Germany and a few others.

Scotland and other parts of the UK might try to stay in the EU or do a #UKExit which will be interesting to watch. Other areas outside of the EU might look at the UK's exit out of the EU as a role model for their own separatist aspirations. Heck even in the US the Texas secession movement got a boost from the Brexit.

In the end all of this is the EU's fault. The EU got too undemocratic and Brits got tired of taking orders from un-elected bureaucrats and they did something about this. There is a lesson to be learned here by all parties.

The British Parliament has to ratify this referendum (likely) and there is also a two year time table for with drawl. I have a feeling this won't be a clean break and a lot of forces will try to negotiate a lot of side deals between the EU and the UK (like the UK still adhering to many business and medical standards devised by the EU). So I'm not sure this will even be a clean break from the EU for the UK. Just more autonomy.

This could be taken as a big setback for Globalism and it's supporters. As [THIS] article points out that may not be the case at all.